Most of the time, it’s a good experience to have a deal with Chinese companies, as China is one of the biggest market in the world and produced goods with high quality and cheaper price. Continue reading
Generally speaking, the party who hires the lawyer should pay for the attorney fees at his own cost as per China legal practice. However, there are indeed exceptional circumstances in which the party could claim for the attorney fees. Continue reading
In international project, what may be caused if the wording for a bank guarantee is incorrect?
In the international project, there may be much difference in aspects of geography, culture, language and legal environment. The Principals, Contractors, Sub-Contractors, Suppliers and other participants tend to obtain some surety from third party, usually the bank to secure the relevant party’s fulfillment. Bank guarantee is generally regarded as one of the most importance. Continue reading